Securities Law

44-101CP - Short Form Prospectus Distributions [CP - Rescinded]

Published Date: 2005-01-04
Effective Date: 2005-01-04
Rescinded Date: 2005-12-30
Document(s):

Concurrently Published:

Table of Contents

PART             TITLE

PART 1             INTRODUCTION AND DEFINITIONS

1.1 Introduction and Purpose
1.2 Interrelationship With Local Securities Legislation
1.3 Interrelationship with MRRS
1.4 Interrelationship with Selective Review
1.5 Interrelationship With Shelf Distributions (National Instrument 44-102)
1.6 Interrelationship With PREP Procedures (National Instrument 44-103)
1.7 Definitions 

PART 2           QUALIFICATION TO FILE A PROSPECTUS IN THE FORM OF A SHORT FORM PROSPECTUS

2.1            Basic Qualification Criteria
2.2            Alternative Eligibility Criteria: Issuers that have not been Reporting Issuers for 12 Months in any Jurisdiction (Sections 2.3, 2.5, 2.6, 2.7, and 2.8 of the National Instrument)
2.3            Calculation of the Aggregate Market Value of an Issuer’s Equity Securities (Section 2.9 of the National Instrument)
2.4            Alternative Qualification Criteria for Substantial Issuers (Section 2.3 of the National Instrument)
2.5            Alternative Qualification Criteria for Issuers of Guaranteed Debt Securities, Preferred Shares and Cash Settled Derivatives (Sections 2.5 and 2.6 of the National Instrument)
2.6            Alternative Qualification Criteria for Asset-Backed Securities (Section 2.7 of the National Instrument)
2.7            Reorganizations (Section 2.8 of the National Instrument)
2.8            Adoption by Successor Issuer of a Participant’s AIF Following a Reorganization (Section 2.10 of the National Instrument) 

PART 3            AIF

3.1            Initial AIF Review Procedures (Section 3.1 of the National Instrument)
3.2            Renewal AIF Filing and Review Procedures (Section 3.2 of the National Instrument)
3.3            Supporting Documents (Section 3.3 of the National Instrument) 

PART 4            FINANCIAL MATTERS

4.1            Financial Statement Requirements - Explanation of the 60 and 90 Day References
4.2            Additional Financial Statements or Financial Information Filed or Released
4.3            Audit Report for All Financial Statements Included in a Short Form Prospectus
4.4            Exemption from Audit Report if not Previously Included in a Short Form Prospectus
4.5            Timing of Requests for Exemptions from the Financial Statement Requirements
4.6            Applications for Exemption from Requirement to Include Financial Statements of the Issuer
4.7            Reverse Take-overs 

PART 5           DISCLOSURE IN A SHORT FORM PROSPECTUS OF FINANCIAL STATEMENTS FOR SIGNIFICANT ACQUISITIONS, SIGNIFICANT DISPOSITIONS AND MULTIPLE ACQUISITIONS

5.1            Financial Statement Disclosure of Significant Acquisitions and Multiple Acquisitions
5.2            Acquisition of a Business
5.3            Acquisition of an Interest in an Oil and Gas Property
5.4            Probable Acquisitions
5.5            Significant Acquisitions Completed During the Issuer’s Three Most Recently Completed Financial Years
5.6            Significant
 Acquisitions Completed During the Issuer’s Current Financial Year
5.7            Timing of Significance Tests
5.8            Acquisition of a Business when the Financial Statements of the Business are prepared in accordance with a Foreign GAAP
5.9            Acquisition of a Previously Unaudited Business
5.10          Application of the Significance Tests when the Financial Year Ends of the Issuer and the Acquired Business are Non-Coterminous
5.11          Application of Investment Test for Significance of an Acquisition
5.12          Application of Income Test for Significance of an Acquisition
5.13          Financial Statements for Interim and Pre-acquisition Periods
5.14          Acquisition of Related Businesses
5.15          Financial Statement Disclosure for Unrelated Individually Insignificant Acquisitions
5.16          Preparation of Divisional and Carve-out Financial Statements
5.17          Preparation of Pro Forma Financial Statements Giving Effect to Significant
Acquisitions
5.18          Significant Dispositions
5.19          Preparation of Pro Forma Financial Statements Giving Effect to Significant Dispositions
5.20          Exemptions from Parts 4 and 5 of the National Instrument

PART 6             GAAP, GAAS, AND AUDITOR’S REPORTS

6.1             GAAP and GAAS
6.2             [Repealed]
6.3             Auditor’s Comfort Letter 

PART 7             FILING AND RECEIPTING OF SHORT FORM PROSPECTUS

7.1             Confidential Material Change Reports
7.2             Supporting Documents
7.3             Experts’ Consent
7.4             Material Contracts
7.5             Amendments and Incorporation by Reference of Subsequently Filed Material Change Reports
7.6             Short Form Prospectus Review
7.7             “Waiting Period”
7.8             Refusal to Issue Prospectus Receipt
7.9             Registration Requirements 

PART 8             CONTENT OF AIF

8.1             Issuers of Asset-backed Securities
8.2             Non-corporate Issuers 

PART 9             CONTENT OF SHORT FORM PROSPECTUS

9.1             Prospectus Liability
9.2             Style of Prospectus
9.3             Firm Commitment Underwritings
9.4             Minimum Distribution
9.5             Distribution of Asset-backed Securities
9.6             Distribution of Specified Derivatives
9.7             Underlying Securities
9.8             Financial Statements 

PART 10             CIRCULARS

10.1 Fee for Documents

PART 11             CERTIFICATES

11.1 Non-corporate Issuers
11.2 Promoters of Issuers of Asset-backed Securities

APPENDIX A              Overview of Business Acquisitions Decision Chart           

APPENDIX B             Illustrative Examples